Assanaw (sitting on the far right and raising her hand) is the featured borrower. She is 38 years old, married and the mother of 5 children (3 boys and 2 girls) and is also taking care of 2 of her nephews. She buys and sells groundnuts. She buys bags of unshelled groundnuts, shells them and resells them in 1-kilo pots. She plans to use this loan to buy at least 8 bags of unshelled groundnuts at a maximum price of 8 000 francs per bag. The profits generated by her business will allow her to buy a few sheets of zinc so that she can help her husband to finish off their house.
Madame Assanaw (assise à l’extrême droite avec une main levée), est l’emprunteuse vedette du groupe, âgée de 38 ans, elle est mariée et mère de 05 enfants (03 garçons et 02 filles), elle prend en charge aussi deux de ses neveux. Son activité s’inscrit dans l’achat et la vente de graines d’arachide. Elle achète le sac d’arachide non décortiqué, elle procède au décorticage puis la revend par pot d’un kilo.
Avec ce prêt elle compte s’acheter au moins 08 sacs d’arachide non décortiqué au prix maximum de 8 000 F CFA le sac.
Les bénéfices de son activité lui permettront d’acheter quelles que feuilles de Zinc pour aider son mari dans la finition de leur maison.
About CAURIE Micro FinanceThe mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid